Recent Keynotes of April 2024
International Agreements
- The Resolution of the President dated 04.04.2024 and numbered 8298 on the Approval of the Agreement on Commercial and Economic Cooperation between the Government of the Republic of Türkiye, the Government of the Republic of Azerbaijan and the Government of Turkmenistan was published in the Official Gazette dated 05.04.2024 and numbered 32511.
- The Resolution of the President dated 04.04.2024 and numbered 8299 on the Approval of the Annexed (Interreg VI-B) Black Sea Basin Programme Financing Agreement signed between the Republic of Türkiye, Romania and the European Commission on 2 November 2023 was published in the Official Gazette dated 05.04.2024 and numbered 32511.
- The Resolution of the President dated 05.04.2024 and numbered 8310 on the Approval of the Annexed Letters dated 26/2/2024 and 6/3/2024 Exchanged between the Government of the Republic of Türkiye and the European Commission Regarding the Amendment to the Financing Agreement for the Annual Action Programme for Türkiye for 2022 was published in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Resolution of the President dated 05.04.2024 and numbered 8311 on the Approval of the Annexed Financing Agreement between the Government of the Republic of Türkiye and the European Commission for IPARD III Assistance for Agriculture and Rural Development 2021-2027 under the Instrument for Pre-Accession Assistance IPA III signed on behalf of the Republic of Türkiye in Ankara on 28 December 2023 was published in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Resolution of the President dated 06.04.2024 and numbered 8313 on the Approval of the Agreement between the Government of the Republic of Türkiye, the Government of the Republic of Azerbaijan and the Government of Georgia on Preliminary Data Exchange for Facilitation of Customs Transit Transactions within the Scope of Baku-Tbilisi-Kars Railway Project was published in the Official Gazette dated 07.04.2024 and numbered 32513.
- The Resolution of the President dated 19.04.2024 and numbered 8341 on the Approval of the Letter of Agreement for the European Union Instrument for Pre-Accession Assistance (IPA) Energy Sector Programme Phase III Project was published in the Official Gazette dated 20.04.2024 and numbered 32523.
Resolutions of the President
- The Resolution of the President dated 04.04.2024 and numbered 8303 Amending the Resolution on the Implementation of Tariff Quotas on the Import of Oil Sunflower Seeds and Crude Sunflower Oil entered into force through publication in the Official Gazette dated 05.04.2024 and numbered 32511.
- The Resolution of the President dated 05.04.2024 and numbered 8313 Amending the Resolution on the Determination of Companies Subject to Independent Audit was published in the Official Gazette dated 06.04.2024 and numbered 32512. This Resolution enters into force on the date of its publication to be applied for the accounting periods of the companies starting as of 01.01.2024.
- The Resolution of the President dated 19.04.2024 and numbered 8362 Amending the Resolution on the Implementation of Certain Articles of the Customs Law No. 4458 was published in the Official Gazette dated 20.04.2024 and numbered 32523. The provisions of this Resolution enter into force on different dates.
Legislation
- The Communiqué (No: 2024/1) on the Implementation of Surveillance in Imports was published in the Official Gazette dated 21.03.2024 and numbered 32496. This Communiqué enters into force on 22.04.2023.
- The Communiqué (No: 2024/2) on the Implementation of Surveillance in Imports was published in the Official Gazette dated 21.03.2024 and numbered 32496. This Communiqué enters into force on 22.04.2023.
- The Communiqué (No: 2024/5) on Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 21.03.2024 and numbered 32496.
- The Communiqué (Customs Transactions)(Serial No: 204) Amending the Customs General Communiqué (Customs Transactions)(Serial No: 166) entered into force through publication in the Official Gazette dated 26.03.2024 and numbered 32501.
- The Regulation on Market Surveillance and Inspection of Radio Equipment entered into force through publication in the Official Gazette dated 27.03.2024 and numbered 32502.
- The Regulation Amending the Regulation on the Measure Plans to be Prepared by Systemically Important Banks entered into force through publication in the Official Gazette dated 29.03.2024 and numbered 32504.
- The Communiqué on Determination of Interest Rates to be Applied in Rediscount and Advance Transactions entered into force through publication in the Official Gazette dated 01.04.2024 and numbered 32507.
- The Regulation Amending the Regulation on Licensing of Public Health Facilities entered into force through publication in the Official Gazette dated 02.04.2024 and numbered 32508.
- The Communiqué (No: 2024/14) on Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 02.04.2024 and numbered 32508.
- The Regulation Amending the Regulation on the Allocation of Parcels in Organized Industrial Zones Completely or Partially Without Compensation entered into force through publication in the Official Gazette dated 04.04.2024 and numbered 32510.
- The Regulation Amending the Regulation on Organic, Mineral and Microbial Source Fertilizers Used in Agriculture entered into force through publication in the Official Gazette dated 04.04.2024 and numbered 32510.
- The Regulation Amending the Petroleum Market License Regulation entered into force through publication in the Official Gazette dated 05.04.2024 and numbered 32511.
- The Regulation Amending the Regulation on Technical Criteria to be Applied in the Petroleum Market entered into force through publication in the Official Gazette dated 05.04.2024 and numbered 32511.
- The Communiqué (No: 2024/11) on Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 05.04.2024 and numbered 32511.
- The Communiqué (No: 2024/12) on Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 05.04.2024 and numbered 32511.
- The Communiqué (No: 2024/13) on Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 05.04.2024 and numbered 32511.
- The Communiqué Amending the Communiqué on the Establishment and Amendment of the Articles of Association of Cooperatives and Determination of the Number of Founding Members and Working Areas was published in the Official Gazette dated 05.04.2024 and numbered 32511. This Communiqué enters into force on the date of its publication, effective as of 01.01.2024.
- The Regulation Amending the Regulation on Workplace Opening and Operating License entered into force through publication in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Regulation Amending the Regulation on Private Hospitals entered into force through publication in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Regulation Amending the Turkish Food Codex Regulation on Food Labelling and Informing Consumers entered into force through publication in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Communiqué on Safeguard Measures in Imports (No: 2024/4) entered into force through publication in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Communiqué (No: 2024/8) Amending the Communiqué (No: 2020/16) on Maximum Interest Rates Applicable to Credit Card Transactions entered into force through publication in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Communiqué (No: 2024/9) Amending the Communiqué (No: 2021/14) on Supporting Conversion to Turkish Lira Deposit and Participation Accounts entered into force through publication in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Communiqué (No: 2024/10) Amending the Communiqué (No: 2021/16) on Supporting the Conversion from Gold Accounts to Turkish Lira Deposit and Participation Accounts entered into force through publication in the Official Gazette dated 06.04.2024 and numbered 32512.
- The Communiqué on Prevention of Unfair Competition in Imports (No: 2024/10) entered into force through publication in the Official Gazette dated 18.04.2024 and numbered 32521.
- The Communiqué (No: 2024/6) on Safeguard Measures in Imports entered into force through publication in the Official Gazette dated 19.04.2024 and numbered 32522.
- The Regulation Amending the Regulation on Market Surveillance and Inspection of Fertilizers Used in Agriculture entered into force through publication in the Official Gazette dated 20.04.2024 and numbered 32523.
- The Regulation Amending the Customs Regulation was published in the Official Gazette dated 20.04.2024 and numbered 32523. The provisions of this Regulation enter into force on different dates.
- The Communiqué (Serial No: 38) Amending the Customs General Communiqué (Tariff-Classification Decisions) (Serial No: 1) entered into force through publication in the Official Gazette dated 20.04.2024 and numbered 32523.
- The Communiqué (Serial No: 39) Amending the Customs General Communiqué (Tariff-Classification Decisions) (Serial No: 13) entered into force through publication in the Official Gazette dated 20.04.2024 and numbered 32523.
Mergers and Acquisitions
- The Competition Board (Board) decided that the acquisition of some of the shares of Aerocompact Group Holding AG, which is under the control of Mathias Muther Privatstiftung, by Trilantic Europe VI GP Sàrl and the establishment of joint control over Aerocompact Group Holding AG is not subject to authorization. (04.04.2024, 24-16/398-BD)
- The Board decided that the acquisition of all shares of Babadağ Elektrik Üretim Sanayi ve Ticaret AŞ by Tekmarmara Enerji Üretim AŞ is not subject to authorization. (04.04.2024, 24-16/364-BD)
- The Board authorized the acquisition of the sole control of Tunçtaş Cam Sanayi ve Ticaret Anonim Şirketi by Ege Holding AŞ through Ege Kimya Sanayi ve Ticaret Anonim Şirketi. (04.04.2024, 24-16/381-143)
- The Board authorized the acquisition of 50% of the shares of Akyurt Rüzgar Enerji Üretim ve Ticaret AŞ, Mursal Enerji Üretim Sanayi ve Ticaret AŞ, Beşiktepe Enerji Üretim ve Ticaret AŞ, Kortaş Elektrik Enerji Üretim Depolama ve Ticaret AŞ, 49.99% of the shares of Maki Elektrik Enerji Operasyon Yönetimi AŞ and 100% of the shares of Deniz RES Enerji Yatırımları AŞ by Kangal Elektrik Üretim ve Ticaret AŞ controlled by Ece Tur Ece Turizm İnş. Tic. ve Mağaza İşletmeciliği AŞ controlled by Kangal Elektrik Üretim ve Ticaret AŞ and subsequently the acquisition of 30-40% shares of Kangal Elektrik Üretim ve Ticaret AŞ by İş Portföy Yönetim AŞ controlled by Türkiye İş Bankası AŞ. (04.04.2024, 24-16/380-142)
- The Board authorized the acquisition of the sole control of Global Infrastructure Management, LLC by Blackrock, Inc. through the acquisition of all of its shares by BlackRock Funding, Inc. (04.04.2024, 24-16/378-141)
- The Board authorized the merger of Moka Ödeme ve Elektronik Para Kuruluşu AŞ and Birleşik Ödeme Hizmetleri ve Elektronik Para AŞ under Birleşik Ödeme Hizmetleri ve Elektronik Para AŞ and through a capital increase in Birleşik Ödeme Hizmetleri ve Elektronik Para AŞ. the shareholding ratio of Türkiye İş Bankası AŞ and its subsidiaries and OYAK Portföy Yönetimi AŞ Third Venture Capital Investment Fund becoming 50%-50% (04.04.2024, 24-16/370-140)
- The Board authorized the acquisition of all shares of Arteno Bilgi Teknolojileri ve Danışmanlık Hizmetleri AŞ by Adesso SE. (04.04.2024, 24-16/358-138)
- The Board authorized the acquisition of sole control of BETA CAE Systems International AG by CADENCE Design Systems, Inc. (04.04.2024, 24-16/357-137)
- The Board authorized the acquisition of all shares owned by İsmail DEMİRKAYA in Varzene Metal Sanayi ve Tic. AŞ, which is jointly controlled by TUSAŞ Motor Sanayii AŞ and İsmail DEMİRKAYA by TUSAŞ Motor Sanayii AŞ. (04.04.2024, 24-16/348-136)
- The Board authorized the establishment of a fully functional joint venture by Mitsubishi Corporation, Daimler Truck Holding AG (through Mitsubishi Fuso Truck and Bus Corporation, in which it has sole control) and Mitsubishi Motors Corporation to operate a comprehensive service platform for electric vehicles. (18.04.2024, 24-19437-184)
- The Board authorized the acquisition of the joint control of National Petrochemical Industrial Company, which is solely controlled by Alujain Corporation, by LyondellBasell Industries N.V. through Basell International Holdings B.V. (18.04.2024, 24-19/429-177)
- The Board authorized the acquisition of sole control of Pascoe Pharmazeutische Präparate GmbH by Sidroga Gesellschaft für Gesunheitsprodukte mbH, a subsidiary of Grupo J. Uriach S.L. (18.04.2024, 24-19/427-176)
- The Board authorized the acquisition of all shares and sole control of the paint/coating business line of GREBE Holding GmbH by Kansai Paint Group. (18.04.2024, 24-19/426-175)
- The Board authorized the acquisition of C.P. Standart Gıda San. ve Tic. AŞ's breeding farm and hatchery in Bilecik province together with its equipment by Şenpiliç Gıda Sanayi AŞ. (18.04.2024, 24-19/425-174)
- The Board authorized the final acquisition of sole control of Udacity Inc. by Accenture Plc. (18.04.2024, 24-19/422-172)
Energy
- The decisions of the Energy Market Regulatory Authority (EMRA) dated 21.03.2024 and numbered 12519, 12520, 12521, 12522 and 12524 were published in the Official Gazette dated 23.03.2024 and numbered 32498. Decisions enter into force on different dates.
- The decision of EMRA dated 28.03.2024 and numbered 12532 was published in the Official Gazette dated 29.03.2024 and numbered 32504. The decision enters into force on 01.04.2024.
- The decision of EMRA dated 28.03.2024 and numbered 12538 entered into force through publication in the Official Gazette dated 05.04.2024 and numbered 32511.
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